**Registered number: 08029715 Charity number: 1149156**
## **NORTH NORFOLK FOODBANK**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9 - 10|
|**Notes to the financial statements**|11 - 21|
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025**
**Trustees** Mr Peter Wenham, Chair Mrs Michele Bishop Mr David Baldwin Mrs Olivia Reid Mr Jon Platten (appointed 24 April 2024) Mrs Valerie Woodland (appointed 24 April 2024) **Company registered number** 08029715 **Charity registered number** 1149156 **Registered office** Cromer Methodist Church Hall West Street Cromer Norfolk NR27 9DT **Accountants** MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 1
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The objective of the charity is to relieve persons in the United Kingdom who are in conditions of need, hardship or distress (beneficiaries) in such ways as the Trustees shall from time to time think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
The main activities undertaken to achieve objectives are:
- Providing emergency food and household supplies to local people in financial crisis
- Providing emergency fuel support to local people in financial crisis
- Continuing to signpost clients to appropriate agencies and charities for further help and working closely with them to provide ongoing support
- Continuing to employ Citizens Advice officer 4 days a week, to support Foodbank clients
Page 2
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **Achievements and performance**
## **a. Main achievements of the Company**
During the year ended 31 March 2025, the Charity continued to carry out several initiatives to further its charitable purposes for the public benefit, including:
- Maintaining a full service to the community by continuing a food-parcel deliveries and expanding customer collections across seven distribution centres.
- The Charity continues the provision of support to people requiring help with their energy bills as part of our Energy Bank scheme. This is in conjunction with our own Citizens Advice Officer and the NNDC financial inclusion section.
- The Foodbank has expanded the provision of snacks to schools and during the winter months, provides supplies to the areas ‘Warm Rooms'.
- To support the increase in homeless people in the area, the Foodbank is now providing Homeless Support Packs which comprises sets of new essential clothing and toiletries.
- Recruitment of administration assistant to work alongside the Foodbank manager.
## **b. Performance**
Numbers of those served:
- 2,012 (2024: 2,574) vouchers, 2,843 adults (2024: 3,695), 1,677 (2024: 2,295) children giving a total of 4,520 (2024: 5,990)
- Weight of food distributed 49,845 kg (2024: 59,647 kg)
- Value of energy vouchers - £26,753 (2024: £48,675)
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The total funds of the Charity were £343,194 at 31 March 2025 ( _2024: £289,370 restated_ ). Free reserves, being unrestricted funds not represented by fixed assets were £291,398 at 31 March 2025 ( _2024: £265,445 restated_ ).
The Charity believes in the grace of Donors to provide for its financial needs as they arise as well as Grants. In principle, the Charity believes that monies given should be utilised for the furtherance of the work of the Charity as soon as is practical and is consistent with an orderly and responsible stewardship of the funds and the work of the Charity.
In practice, in the view of the Charity Leadership, free reserves should be approximately 3 months normal recurring unrestricted expenditure. This is based upon the Charity's size and level of financial commitments.
Page 3
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **c. Year Overview**
During the twelve months to 31 March 2025 the Charity had a total income of £338,706 ( _2024: £370,408 restated_ ). Monetary offerings and donations at £110,370 have decreased from the previous year ( _2024: £180,248_ ). Grants were received this year to the total of £82,554 ( _2024: £12,849_ ) to support the employed members of staff and the Energy Bank.
Charitable expenditure was lower than in the previous year at £284,882 ( _2024: £344,192 restated_ ). This was mainly due to increased spending on energy assistance and community projects in the prior year.
Page 4
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **Structure, governance and management**
## **a. Constitution**
North Norfolk Foodbank is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Mrs Valerie Woodland** (Trustee) Date: 14 October 2025
Page 5
**NORTH NORFOLK FOODBANK (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **Independent Examiner's Report to the Trustees of North Norfolk Foodbank ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 6
## **NORTH NORFOLK FOODBANK**
**(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Dated: 10 November 2025
Alice Lynch BSc FCA DChA
## **MA Partners Audit LLP**
Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 7
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|**Note**
**Income from:**
Donations and grants
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward as
previously stated
Prior year adjustment
Total funds brought forward as restated
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**69,641**
**-**
**69,641**
**39,260**
**39,260**
**30,381**
**8,175**
**-**
**8,175**
**30,381**
**38,556**|**Unrestricted**
**funds**
**2025**
**£**
**262,750**
**6,315**
**269,065**
**245,622**
**245,622**
**23,443**
**255,683**
**25,512**
**281,195**
**23,443**
**304,638**|**Total**
**funds**
**2025**
**£**
**332,391**
**6,315**
**338,706**
**284,882**
**284,882**
**53,824**
**263,858**
**25,512**
**289,370**
**53,824**
**343,194**|_As restated_
_Total_
_funds_
_2024_
_£_
_366,236_
_4,172_|
|---|---|---|---|---|
|||||_370,408_|
|||||_344,192_|
|||||_344,192_|
|||||_26,216_|
|||||_239,831_
_23,323_|
|||||_263,154_
_26,216_|
|||||_289,370_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 8
## **NORTH NORFOLK FOODBANK (A company limited by guarantee) REGISTERED NUMBER: 08029715**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
11
Debtors
12
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
General funds
15
Total unrestricted funds
15
**Total funds**|**26,969**
**1,131**
**302,746**
**330,846**
**(3,142)**
**304,638**|**2025**
**£**
**15,490**
**15,490**
**327,704**
**343,194**
**343,194**
**38,556**
**304,638**
**343,194**|_25,512_
_1,070_
_247,992_
_274,574_
_(3,954)_
_281,195_|_As restated_
_2024_
_£_
_18,750_|
|---|---|---|---|---|
|||||_18,750_
_270,620_|
|||||_289,370_|
||||||
|||||_289,370_|
|||||_8,175_
_281,195_|
||||||
|||||_289,370_|
Page 9
# **NORTH NORFOLK FOODBANK**
**(A company limited by guarantee) REGISTERED NUMBER: 08029715**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025**
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Mrs Valerie Woodland**
(Trustee) Date: 14 October 2025
The notes on pages 11 to 21 form part of these financial statements.
Page 10
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. General information**
The Charity is a company which is limited by guarantee. It is both incorporated and domiciled in England and Wales. The addess of its registered office is Cromer Methodist Church Hall, West Street, Cromer, Norfolk, NR27 9DT.
The charity's principal activity is that of a fuel and food bank for the local community.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
North Norfolk Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Donated food for distribution is included at valuation and recognised as income when physically received.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Page 11
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
|Motor vehicles|-|25%|
|---|---|---|
|Fixtures and fittings|-|25%|
|Computer equipment|-|25%|
## **2.6 Stocks**
Stocks held comprise food donations which are given without charge to the Charity. The value of stock is deemed to be £2.77 per kilogram at the balance sheet date.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 12
**NORTH NORFOLK FOODBANK**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.10 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Pensions**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 13
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. Income from donations and legacies**
|Donations
Grants
Donations in kind
_Total 2024 as restated_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
-
110,370
69,641
12,913
-
139,467
69,641
262,750
_10,875_
_355,361_|**Total**
**funds**
**2025**
**£**
**110,370**
**82,554**
**139,467**
**332,391**
_366,236_|_As restated_
_Total_
_funds_
_2024_
_£_
_180,248_
_12,849_
_173,139_|
|---|---|---|---|
||||_366,236_|
|||||
|**4.**|**Investment income**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|_Total_|
|||**funds**|**funds**|_funds_|
|||**2025**|**2025**|_2024_|
|||**£**|**£**|_£_|
||Investment income|6,315|**6,315**|_4,172_|
## **5. Analysis of expenditure on charitable activities Summary by fund type**
|Foodbank
_Total 2024 as restated_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
39,260
245,622
_38,116_
_306,076_|**Total**
**2025**
**£**
**284,882**
_344,192_|_As restated_
_Total_
_2024_
_£_
_344,192_|
|---|---|---|---|
|||||
Page 14
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **6. Analysis of expenditure by activities**
|Foodbank
_Total 2024 as restated_
**Analysis of direct costs**
Foodbank
Energybank
Van expenses|**Activities**
**undertaken**
**directly**
**2025**
**£**
208,265
_271,282_|**Support**
**costs**
**2025**
**£**
76,617
_72,910_|**Total**
**funds**
**2025**
**£**
**284,882**
_344,192_
**Total**
**funds**
**2025**
**£**
**178,013**
**26,753**
**3,499**
**208,265**|_As restated_
_Total_
_funds_
_2024_
_£_
_344,192_|
|---|---|---|---|---|
|||||_As restated_
_Total_
_funds_
_2024_
_£_
_220,111_
_48,675_
_2,496_|
|||||_271,282_|
Page 15
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Rent & utilities
Insurance
IT, phone & broadband
Administration & office costs
Subscriptions
Advertising & promotional
Accountancy, legal & professional
Repairs & maintenance
Accountancy, legal & professional
**7.**
**Independent examiner's remuneration**
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts|**Total**
**funds**
**2025**
**£**
**48,914**
**5,163**
**8,417**
**1,227**
**1,346**
**6,816**
**395**
**801**
**2,790**
**40**
**708**
**76,617**
**2025**
**£**
**1,050**|_Total_
_funds_
_2024_
_£_
_44,647_
_6,251_
_6,856_
_1,338_
_1,468_
_8,720_
_395_
_23_
_2,305_
_100_
_807_|
|---|---|---|
|||_72,910_|
|||_2024_
_£_
_990_|
Page 16
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **8. Staff costs**
|**2025**
**£**
Wages and salaries
**48,083**
Contribution to defined contribution pension schemes
**831**
**48,914**
The average number of persons employed by the Company during the year was as follows:
**2025**
**No.**
Staff
**3**|_2024_
_£_
_44,298_
_349_|
|---|---|
|||
||_44,647_|
||_2024_
_No._
_3_|
No employee received remuneration amounting to more than £60,000 in either year.
Amounts paid to key management personnel during the year totalled £26,111 ( _2024: £21,817_ )
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 31 March 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
Page 17
## **NORTH NORFOLK FOODBANK**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
_At 31 March 2024_
**11.**
**Stocks**
Food stock
**12.**
**Debtors**
**Due within one year**
Prepayments and accrued income|**Motor**
**vehicles**
**£**
**40,981**
**-**
**40,981**
**28,199**
**3,196**
**31,395**
**9,586**
_12,782_|**Fixtures and**
**fittings**
**£**
**9,907**
**-**
**9,907**
**5,874**
**1,008**
**6,882**
**3,025**
_4,033_||**Computer**
**equipment**
**£**
**2,580**
**1,903**
**4,483**
**645**
**959**
**1,604**
**2,879**
_1,935_
**2025**
**£**
**26,969**
**2025**
**£**
**1,131**
**1,131**|**Total**
**£**
**53,468**
**1,903**|
|---|---|---|---|---|---|
||||||**55,371**|
||||||**34,718**
**5,163**|
||||||**39,881**|
||||||**15,490**|
||||||_18,750_|
||||||_As restated_
_2024_
_£_
_25,512_
_2024_
_£_
_1,070_
_1,070_|
Page 18
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **13. Creditors: Amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**592**
**1,500**
**1,050**
**3,142**|_2024_
_£_
_464_
_2,500_
_990_|
|---|---|---|
||||
|||_3,954_|
## **14. Prior year adjustments**
The Trustees have opted to attribute a value to food stock of £2.77 per kilogram, in line with The Trussell Trust guidelines. A prior year adjustment has been recognised in respect of donations in kind received totalling £173,139 in the prior year and the cost of goods donated to service users totalling £170,950 in the prior year. In addition, the value of stock held at 31 March 2024 was £25,512 and at 31 March 2023 was £23,323.
## **15. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
General Funds
**Restricted funds**
Fuelbank
IT & Internet
Van
Foodbank
Citizens Advice Service
Portacabin funding
**Total of funds**|**As restated**
**Balance at 1**
**April 2024**
**£**
**281,195**
**-**
**994**
**500**
**-**
**3,681**
**3,000**
**8,175**
**289,370**|**Income**
**£**
**269,065**
**5,681**
**-**
**-**
**500**
**63,460**
**-**
**69,641**
**338,706**|**Expenditure**
**£**
**(245,622)**
**(5,681)**
**(994)**
**(500)**
**(500)**
**(30,835)**
**(750)**
**(39,260)**
**(284,882)**|**Balance at**
**31 March**
**2025**
**£**
**304,638**|
|---|---|---|---|---|
|||||**-**
**-**
**-**
**-**
**36,306**
**2,250**|
|||||**38,556**|
|||||**343,194**|
Page 19
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **15. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Fuelbank
IT & Internet
Van
Citizens Advice Service
Portacabin funding
**Total of funds**|_As restated_
_Balance at_
_1 April 2023_
_£_
_227,738_
_-_
_994_
_500_
_33,922_
_-_
_35,416_
_263,154_|_Income_
_£_
_359,533_
_6,875_
_-_
_-_
_-_
_4,000_
_10,875_
_370,408_|_Expenditure_
_£_
_(306,076)_
_(6,875)_
_-_
_-_
_(30,241)_
_(1,000)_
_(38,116)_
_(344,192)_|_As restated_
_Balance at_
_31 March_
_2024_
_£_
_281,195_|
|---|---|---|---|---|
|||||_-_
_994_
_500_
_3,681_
_3,000_|
|||||_8,175_|
|||||_289,370_|
Page 20
**(A company limited by guarantee)**
## **NORTH NORFOLK FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
2,250
13,240
36,306
294,540
-
(3,142)
38,556
304,638|**Total**
**funds**
**2025**
**£**
**15,490**
**330,846**
**(3,142)**
**343,194**|
|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total As restated**|_Restricted_
_funds_
_2024_
_£_
_3,000_
_5,175_
_-_
_8,175_|_Unrestricted_
_funds_
_2024_
_£_
_15,750_
_269,399_
_(3,954)_
_281,195_|_As restated_
_Total_
_funds_
_2024_
_£_
_18,750_
_274,574_
_(3,954)_
_289,370_|
|---|---|---|---|
## **17. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £831 ( _2023 - £349_ ). No contributions were outstanding at the year end.
## **18. Related party transactions**
During the year, donations totalling £250 in aggregate were received from Trustees.
Page 21